Agricultural Implement Manufacturing Industry Research Report
Industry Overview
This industry comprises establishments primarily engaged in manufacturing farm machinery and equipment, powered mowing equipment, and other powered home lawn and garden equipment. Illustrative Examples: Combines (i.e., harvester-threshers) manufacturing Cotton ginning machinery manufacturing Fertilizing machinery, farm-type, manufacturing Haying machines manufacturing Milking machines manufacturing Planting machines, farm-type, manufacturing Plows, farm-type, manufacturing Powered lawnmowers manufacturing Poultry brooders, feeders, and waterers manufacturing Snowblowers and throwers, residential-type, manufacturing Tractors and attachments, lawn and garden-type and farm-type, manufacturing Cross-References. Establishments primarily engaged in--
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Agricultural Implement Manufacturing industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Agricultural Implement Manufacturing companies in the United States.
Agricultural Implement Manufacturing Revenue by State
Distribution by Company Size
| Company Size | All Industries | Agricultural Implement Manufacturing |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Agricultural Implement Manufacturing Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Agricultural Implement Manufacturing industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
Farm machinery and equipment manufacturing | Included |
Farm dairy equip., sprayers/dusters/blowers, and attachments |
Planting, seeding, and fertilizing machinery and attachments |
Harvesting machinery (excluding hay and straw) and attachments |
Haying machinery and attachments |
Parts for farm machinery, for sale separately |
Parts for farm-type wheel tractors, for sale separately |
Other parts for farm machinery, for sale separately |
Parts for farm machinery, for sale separately, nsk |
All other farm machinery/equip. (excl. parts), incl. attachments |
Salary information for employees working in the Agricultural Implement Manufacturing industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 7% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 2% |
| Architecture and Engineering Occupations | 10% |
| Engineers | 7% |
| Office and Administrative Support Occupations | 10% |
| Production Occupations | 52% |
| Assemblers and Fabricators | 17% |
| Assemblers and Fabricators, All Other, Including Team Assemblers | 12% |
| Metal Workers and Plastic Workers | 26% |
| Machinists | 7% |
| Machinists | 7% |
| Welding, Soldering, and Brazing Workers | 6% |
| Welders, Cutters, Solderers, and Brazers | 6% |
| Other Production Occupations | 6% |
Government Contracts
The federal government spent an annual total of
$42,945,924 on the agricultural implement manufacturing industry. It has awarded 1,253 contracts to 443 companies, with an average value of $96,943 per company.
Top Companies in Agricultural Implement Manufacturing and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
